Suresh M. Sundaresan

Columbia University - Columbia Business School, Finance

Professor

3022 Broadway

New York, NY 10027

United States

http://www0.gsb.columbia.edu/faculty/ssundaresan/

  • Columbia University - Columbia Business School, Finance

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    • Tel: 212-854-4423
    • Fax: 212-316-9180
SCHOLARLY PAPERS

38

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11,127

SSRN CITATIONS
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Top 5,303

in Total Papers Citations

84

CROSSREF CITATIONS

167

Scholarly Papers (38)

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1.

The International Financial Crisis and Policy Challenges in Asia and the Pacific

BIS Paper No. 52
Number of pages: 402 Posted: 24 Jul 2010
Jaime Caruana, Andrew J. Filardo, Jason George, Anella Munro, Mico Loretan, Guonan Ma, Ilhyock Shim, Philip D. Wooldridge, James Yetman, Haibin Zhu, Jacob Gyntelberg, Eric Ho Pan Chan, Hans Genberg, Eli M. Remolona, Suresh M. Sundaresan, Susan Black, Joseph Yam, Charles M. Engel, Michael B. Devereux, Charles Goodhart, Don H. Kim, Eloisa T. Glindro, Jessica Szeto, Masaaki Shirakawa, Tarisa Watanagase, Zeti Akhtar Aziz and Amando Tetangco Jr
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS), Reserve Bank of New Zealand, Swiss National Bank, Bruegel, Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), European Banking Authority, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia University - Columbia Business School, Finance, Herbert Smith, affiliation not provided to SSRN, University of Wisconsin - Madison - Department of Economics, University of British Columbia (UBC) - Department of Economics, London School of Economics & Political Science (LSE) - Financial Markets Group, Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS), affiliation not provided to SSRN, Bank of Japan - Institute of Monetary and Economic Studies, Bank of Thailand, Central Bank of Malaysia and Government of the Republic of the Philippines - Central Bank of the Philippines-Bangko Sentral ng Pilipinas
Downloads 1,228 (23,901)
Citation 1

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2.

A Simple Model for Pricing Derivative Securities with Equity, Interest-Rate, Default and Liquidity Risk

EFA 2003 Annual Conference Paper No. 852
Number of pages: 22 Posted: 23 Jul 2003
Sanjiv Ranjan Das, Rangarajan K. Sundaram and Suresh M. Sundaresan
Santa Clara University - Leavey School of Business, New York University (NYU) - Department of Finance and Columbia University - Columbia Business School, Finance
Downloads 985 (32,812)
Citation 7

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risk-neutral, PDs, reduced-form models

3.

Pricing Collateralized Swaps

Number of pages: 49 Posted: 11 Jun 2003
Michael S. Johannes and Suresh M. Sundaresan
Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School, Finance
Downloads 890 (37,883)
Citation 6

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Collateral, Interest Rate Swaps, Default

4.

Strategic Bank Liability Structure Under Capital Requirements

Number of pages: 56 Posted: 14 Sep 2014 Last Revised: 04 Apr 2022
Suresh M. Sundaresan and Zhenyu Wang
Columbia University - Columbia Business School, Finance and Indiana University, Kelley School of Business
Downloads 861 (39,674)
Citation 9

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5.

Liability Driven Investment with Downside Risk

Downloads 795 ( 44,154)
Citation 7

Liability Driven Investment with Downside Risk

Number of pages: 28 Posted: 25 May 2012 Last Revised: 16 Oct 2012
Andrew Ang, Bingxu Chen and Suresh M. Sundaresan
BlackRock, Inc, Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School, Finance
Downloads 431 (94,662)
Citation 3

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Liability Driven Investment (LDI) , Asset Allocation, Pension, Downside Risk, Expected Shortfall

Liability Driven Investment with Downside Risk

Netspar Discussion Paper No. 10/2012-051
Number of pages: 29 Posted: 17 Jan 2013
Andrew Ang, Bingxu Chen and Suresh M. Sundaresan
BlackRock, Inc, Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School, Finance
Downloads 364 (114,953)
Citation 4

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6.

Dynamic Investment, Capital Structure, and Debt Overhang

Number of pages: 51 Posted: 21 Dec 2006
Suresh M. Sundaresan and Neng Wang
Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School, Finance
Downloads 768 (46,203)
Citation 52

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Endogenous default, leverage, real options, debt overhang, debt seniority

7.

A Simple Unified Model for Pricing Derivative Securities With Equity, Interest-Rate, and Default Risk

AFA 2004 San Diego Meetings
Number of pages: 28 Posted: 04 Dec 2003
Sanjiv Ranjan Das, Rangarajan K. Sundaram and Suresh M. Sundaresan
Santa Clara University - Leavey School of Business, New York University (NYU) - Department of Finance and Columbia University - Columbia Business School, Finance
Downloads 744 (48,256)
Citation 6

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Risk-neutral, PDs, reduced-form models

8.

An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

Downloads 689 ( 53,414)
Citation 22

An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

Journal of Finance, Forthcoming
Number of pages: 61 Posted: 28 Jul 2016 Last Revised: 21 Feb 2018
Sven Klingler and Suresh M. Sundaresan
BI Norwegian Business School and Columbia University - Columbia Business School, Finance
Downloads 616 (60,918)
Citation 8

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Pension funds, liability-driven investment, swap spreads, pension protection act, swap rates, limits of arbitrage

An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans

BIS Working Paper No. 705
Number of pages: 64 Posted: 19 Feb 2018
Sven Klingler and Suresh M. Sundaresan
BI Norwegian Business School and Columbia University - Columbia Business School, Finance
Downloads 73 (441,930)
Citation 16

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duration, swap spreads, balance sheet constraints, funding status of pension plans, defined benefits, repo, LIBOR

9.

Risk Management Framework for Hedge Funds: Role of Funding and Redemption Options on Leverage

Number of pages: 41 Posted: 28 Jul 2009
Qiang Dai and Suresh M. Sundaresan
affiliation not provided to SSRN and Columbia University - Columbia Business School, Finance
Downloads 670 (55,399)
Citation 10

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10.

Unintended Consequences of Post-Crisis Liquidity Regulation

Number of pages: 54 Posted: 18 Jun 2019 Last Revised: 01 Apr 2022
Suresh M. Sundaresan and Kairong Xiao
Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School
Downloads 481 (83,870)
Citation 4

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liquidity regulation, regulatory arbitrage, regulatory design

11.

Repo Rollover Risk and the Bankruptcy Code

Columbia Business School Research Paper No. 13-8
Number of pages: 61 Posted: 14 Feb 2013 Last Revised: 17 Jun 2015
Jun Kyung Auh, Jun Kyung Auh and Suresh M. Sundaresan
Georgetown University - Department of FinanceYonsei University - School of Business and Columbia University - Columbia Business School, Finance
Downloads 421 (98,083)
Citation 7

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Run Risk, Safe Harbor Debt, Optimal Liability Structure, Capital Structure, Bankruptcy Code

12.

Asset Prices and Default-Free Term Structure in an Equilibrium Model of Default

Number of pages: 39 Posted: 12 Jul 2000
Ganlin Chang and Suresh M. Sundaresan
Columbia Business School and Columbia University - Columbia Business School, Finance
Downloads 386 (108,440)
Citation 17

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13.

Dollar Shortage, Central Bank Actions, and the Cross Currency Basis

Number of pages: 47 Posted: 28 Oct 2012 Last Revised: 30 Oct 2012
Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa and Suresh M. Sundaresan
Paris School of Economics (PSE), Wisconsin School of Business, affiliation not provided to SSRN and Columbia University - Columbia Business School, Finance
Downloads 381 (109,986)
Citation 15

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Euro-Dollar currency basis, the 2008 dollar squeeze, possession, canonical buy-sell arbitrage, central banks coordinated intervention, money markets, liquidity

14.

Optimal Debt and Equity Values in the Presence of Chapter 7 and Chapter 11

Number of pages: 49 Posted: 05 Feb 2005
Mark Broadie, Mikhail Chernov and Suresh M. Sundaresan
Columbia University - Columbia Business School - Decision Risk and Operations, UCLA Anderson and Columbia University - Columbia Business School, Finance
Downloads 290 (147,544)
Citation 14

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Contingent Claims Approach, Default, Liquidation, Optimal Security Values, Control transfer

15.

Diminishing Treasury Convenience Premiums: Effects of Dealers' Excess Demand in Auctions

Number of pages: 62 Posted: 10 Mar 2022
Sven Klingler and Suresh M. Sundaresan
BI Norwegian Business School and Columbia University - Columbia Business School, Finance
Downloads 256 (167,322)
Citation 3

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Convenience premium, Treasury auctions, tender-cover ratios, primary dealers, risk-free rates, OIS, VIX

16.

The Value of a Cure: An Asset Pricing Perspective

Downloads 222 (191,745)

The Value of a Cure: An Asset Pricing Perspective

NYU Stern School of Business Forthcoming
Number of pages: 61 Posted: 17 Nov 2020 Last Revised: 12 Jun 2021
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson, Suresh M. Sundaresan and Steven Zheng
ProfessorNew York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Columbia University - Columbia Business School, Finance and University of California, Berkeley - University of California, Berkeley
Downloads 187 (224,181)

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pandemic, vaccine, COVID-19, rare disasters, regime-switching, parameter uncertainty

The Value of a Cure: An Asset Pricing Perspective

NBER Working Paper No. w28127
Number of pages: 67 Posted: 23 Nov 2020 Last Revised: 09 May 2022
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson, Suresh M. Sundaresan and Steven Zheng
ProfessorNew York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Columbia University - Columbia Business School, Finance and University of California, Berkeley - University of California, Berkeley
Downloads 35 (613,216)

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The Value of a Cure: An Asset Pricing Perspective

CEPR Discussion Paper No. DP15558
Number of pages: 69 Posted: 23 Dec 2020 Last Revised: 14 May 2021
Viral V. Acharya, Viral V. Acharya, Timothy C. Johnson, Suresh M. Sundaresan and Steven Zheng
ProfessorNew York University - Leonard N. Stern School of Business, University of Illinois at Urbana-Champaign, Columbia University - Columbia Business School, Finance and University of California, Berkeley - University of California, Berkeley
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17.

Growth Options and Optimal Default Under Liquidity Constraints: The Role of Corporate Cash Balances

Columbia Business School Research Paper
Number of pages: 42 Posted: 24 Aug 2011
Attakrit Asvanunt, Mark Broadie and Suresh M. Sundaresan
AQR Capital Management, LLC, Columbia University - Columbia Business School - Decision Risk and Operations and Columbia University - Columbia Business School, Finance
Downloads 171 (242,061)
Citation 7

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18.

Risk Management of Hedge Funds: Role of Funding and Redemption Options on Leverage

Number of pages: 38 Posted: 17 Mar 2010
Suresh M. Sundaresan
Columbia University - Columbia Business School, Finance
Downloads 155 (262,751)
Citation 4

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Unencumbered cash, prime brokers, redemption and funding options

19.

The Effects of Tax on Bank Liability Structure

Downloads 128 (305,062)

The Effects of Tax on Bank Liability Structure

BIS Working Paper No. 611
Number of pages: 51 Posted: 28 Feb 2017
Leonardo Gambacorta, Giacomo Ricotti, Suresh M. Sundaresan and Zhenyu Wang
Bank for International Settlements (BIS), Bank of Italy, Columbia University - Columbia Business School, Finance and Indiana University, Kelley School of Business
Downloads 128 (306,347)

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bank liability structure, corporate tax, leverage

The Effects of Tax on Bank Liability Structure

CEPR Discussion Paper No. DP11893
Number of pages: 50 Posted: 16 Mar 2017
Leonardo Gambacorta, Giacomo Ricotti, Suresh M. Sundaresan and Zhenyu Wang
Bank for International Settlements (BIS), Bank of Italy, Columbia University - Columbia Business School, Finance and Indiana University, Kelley School of Business
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bank liability structure, corporate tax, leverage

20.

Y2k Options and the Liquidity Premium in Treasury Bond Markets

FRB of New York Staff Report No. 266
Number of pages: 40 Posted: 01 Nov 2006
Zhenyu Wang and Suresh M. Sundaresan
Indiana University, Kelley School of Business and Columbia University - Columbia Business School, Finance
Downloads 114 (331,489)
Citation 1

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Y2K Options, liquidity, treasury bonds

21.

Liquidity Regulation and Banks: Theory and Evidence

Columbia Business School Research Paper Forthcoming
Number of pages: 57 Posted: 30 Jan 2022 Last Revised: 29 Apr 2022
Suresh M. Sundaresan and Kairong Xiao
Columbia University - Columbia Business School, Finance and Columbia University - Columbia Business School
Downloads 111 (337,699)

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liquidity regulation, regulatory design

22.

Public Provision of Private Liquidity: Evidence from the Millennium Date Change

AFA 2006 Boston Meetings Paper
Number of pages: 50 Posted: 21 Nov 2005
Suresh M. Sundaresan and Zhenyu Wang
Columbia University - Columbia Business School, Finance and University of Texas at Austin - Department of Finance
Downloads 107 (346,175)
Citation 4

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Y2K, CDC, liquidity, on-the-run, off-the-run, options

23.

FX Hedging and Creditor Rights

BIS Paper No. 96b
Number of pages: 18 Posted: 06 Apr 2018
Madhusudan S. Mohanty and Suresh M. Sundaresan
Bank for International Settlements (BIS) - Monetary and Economic Department and Columbia University - Columbia Business School, Finance
Downloads 74 (433,560)

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foreign currency exposure; corporate hedging; creditor rights

24.

Corporate Pension Risk Transfers

Number of pages: 72 Posted: 21 Jun 2022
Sven Klingler, Suresh M. Sundaresan and Michael A Moran
BI Norwegian Business School, Columbia University - Columbia Business School, Finance and Goldman Sachs Group, Inc. - Goldman Sachs Asset Management
Downloads 73 (439,985)

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Pension funds, defined benefits, de-risking strategies, pension protection act, life insurance

25.

Underwriting Government Debt Auctions: Auction Choice and Information Production

Columbia Business School Research Paper No. 16-75, Gabelli School of Business, Fordham University Research Paper No. 2859846
Number of pages: 57 Posted: 28 Oct 2016 Last Revised: 22 Dec 2019
Sudip Gupta, Rangarajan K. Sundaram and Suresh M. Sundaresan
Johns Hopkins University, New York University (NYU) - Department of Finance and Columbia University - Columbia Business School, Finance
Downloads 60 (482,776)
Citation 1

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26.

Financing Infrastructure in the Shadow of Expropriation

Downloads 48 (532,934)

Financing Infrastructure in the Shadow of Expropriation

Number of pages: 58 Posted: 28 Oct 2020 Last Revised: 30 Jun 2022
Viral V. Acharya, Viral V. Acharya, Cecilia Parlatore and Suresh M. Sundaresan
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Leonard N. Stern School of Business and Columbia University - Columbia Business School, Finance
Downloads 47 (547,560)

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double moral hazard, public private partnerships, government guarantees, development rights, general obligation bonds, revenue only bonds.

Financing Infrastructure in the Shadow of Expropriation

CEPR Discussion Paper No. DP15288
Number of pages: 61 Posted: 22 Sep 2020 Last Revised: 23 Jun 2022
Viral V. Acharya, Viral V. Acharya, Cecilia Parlatore and Suresh M. Sundaresan
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - Leonard N. Stern School of Business and Columbia University - Columbia Business School, Finance
Downloads 1 (928,815)
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development rights, Double moral hazard, general obligation bonds, Government Guarantees, public private partnerships, revenue only bonds

27.

Is Physical Climate Risk Priced? Evidence from Regional Variation in Exposure to Heat Stress

Number of pages: 54 Posted: 04 Aug 2022
Viral V. Acharya, Timothy C. Johnson, Suresh M. Sundaresan and Tuomas Tomunen
New York University (NYU) - New York University, University of Illinois at Urbana-Champaign, Columbia University - Columbia Business School, Finance and Boston College - Department of Finance
Downloads 15 (760,385)

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Climate change, global warming, heat stress, corporate bonds, municipal bonds, credit risk, equity risk premium

28.

LOLR Policies, Banks’ Borrowing Capacities & Funding Structures

Number of pages: 78 Posted: 03 Aug 2022
Stefano Corradin and Suresh M. Sundaresan
European Central Bank and Columbia University - Columbia Business School, Finance
Downloads 4 (850,182)

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LOLR, Collateral, Haircut, Borrowing Capacity, Liquidity, NSFR

29.

Financing Infrastructure in the Shadow of Expropriation

NBER Working Paper No. w30131
Number of pages: 59 Posted: 13 Jun 2022 Last Revised: 18 Jun 2022
Viral V. Acharya, Viral V. Acharya, Cecilia Parlatore and Suresh M. Sundaresan
ProfessorNew York University - Leonard N. Stern School of Business, New York University (NYU) - New York University and Columbia University - Columbia Business School, Finance
Downloads 0 (905,910)
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30.

A Review of Merton's Model of the Firm's Capital Structure with its Wide Applications

Annual Review of Financial Economics, Vol. 5, pp. 21-41, 2013
Posted: 08 Nov 2013
Suresh M. Sundaresan
Columbia University - Columbia Business School, Finance

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31.

Y2k Options and the Liquidity Premium in Treasury Markets

The Review of Financial Studies, Vol. 22, Issue 3, pp. 1021-1056, 2009
Posted: 17 Mar 2009
Suresh M. Sundaresan and Zhenyu Wang
Columbia University - Columbia Business School, Finance and Indiana University, Kelley School of Business

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G1, G12, G18

32.

Bidder Behavior in Multi-Unit Auctions - Evidence from Swedish Treasury Auctions

Posted: 27 Aug 2001
Kjell G. Nyborg, Kristian Rydqvist and Suresh M. Sundaresan
University of Zurich - Department of Banking and Finance, State University of New York at Binghamton - School of Management and Columbia University - Columbia Business School, Finance

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33.

A Model of Sovereign Borrowing and Sovereign Yield Spreads

Posted: 19 May 2000
Rajna Gibson and Suresh M. Sundaresan
University of Geneva - Geneva Finance Research Institute (GFRI) and Columbia University - Columbia Business School, Finance

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34.

Debt Valuation, Renegotiations and Optimal Dividend Policy

Paine Webber Working Paper No. 99-05
Posted: 06 Oct 1999
Hua Fan and Suresh M. Sundaresan
Goldman Sachs Group, Inc. and Columbia University - Columbia Business School, Finance

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35.

Non-Traded Asset Valuation with Portfolio Constraints: A Binomial Approach

Review of Financial Studies, Vol. 12, Issue 3
Posted: 11 Jul 1999
Jerome Detemple and Suresh M. Sundaresan
Boston University Questrom School of Business and Columbia University - Columbia Business School, Finance

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36.

Discriminatory Versus Uniform Treasury Auctions

London Business School Institute of Finance and Accounting Working Paper 198
Posted: 29 Aug 1998
Kjell G. Nyborg and Suresh M. Sundaresan
University of Zurich - Department of Banking and Finance and Columbia University - Columbia Business School, Finance

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37.

Design and Valuation of Debt Contracts

REVIEW OF FINANCIAL STUDIES, Vol. 9 No. 1
Posted: 22 Aug 1998
Ronald W. Anderson and Suresh M. Sundaresan
London School of Economics & Political Science - Department of Finance and Columbia University - Columbia Business School, Finance

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38.

Valuation, Optimal Asset Allocation and Retirement Incentives of Pension Plans

Review of Financial Studies, Vol. 10, No. 3
Posted: 30 Jul 1997
Suresh M. Sundaresan and Fernando Zapatero
Columbia University - Columbia Business School, Finance and Questrom School of Business, Boston University

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